KMT Partners LLC

Time for Industrial Development... "Older industrial buildings are falling out of favor as businesses double down on amenities, functionality, and efficiency. According to a new report from CBRE, tenants in properties developed between 2000 and 2022 are increasingly moving into newer facilities, preferring features like higher ceilings, more power, and enhanced distribution amenities. This trend in industrial leasing is evident in the net absorption figures for properties built in the last three years compared to those delivered in the 22 years before 2022. On one hand, the absorption of industrial space built between 2023 and 2024 has reached 395 million square feet since Q1 2023, while properties constructed in the previous 22 years have experienced 17 million square feet of negative net absorption."

Weekend Interview: KMT Partners LLC ‘s Gregory Boler Jr. On Why Now Was The Time To Launch His Own Industrial Development Firm. This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities who keep CRE interesting.

“[Amazon was] taking down so much space because it was fueled by the pandemic,” Colliers National Director for Industrial Services Stephanie Rodriguez told Bisnow in December. “Now business has stabilized and they're evaluating and still adding space where it makes the most sense.”

“At the same time, the study noted that major inland ports, such as Chicago, Atlanta and Dallas, where growth was more muted during the early Covid period, have seen anything from 5% to 15% asking rent growth. Zenith didn’t provide more exact figures from its proprietary rent database, and third-party data on the IOS market is difficult to obtain.”